Minutes EDC 4B 06/20/2005 - Joint Budget WorkshopMINUTES OF JOINT BUDGET WORKSHOP/JOINT SESSION OF THE TOWN COUNCIL,
ECONOMIC DEVELOPMENT CORPORATION A AND ECONOMIC CORPORATION B AND
REGULAR TOWN COUNCIL MEETING FOR THE
TOWN OF TROPHY CLUB
LOCATION: 100 MUNICIPAL DRIVE, TROPHY CLUB, TEXAS
Monday, June 20, 2005
6:00 P.M.
STATE OF TEXAS
COUNTY OF DENTON §
The Town Council of the Town of Trophy Club, Texas, met in Joint Budget Workshop/Joint session of Town
Council, EDC -A, EDC -B and Regular Session on Monday, June 20, 2005. The meeting was held within the
boundaries of the Town and was open to the public.
TOWN COUNCIL MEMBERS PRESENT:
Nick Sanders
Mayor
Scott Spence
Mayor Pro Tem
Roger Williams
Council Member
Beverly Foley
Council Member
Pam Cates
Council Member
TOWN COUNCIL MEMBERS ABSENT:
Susan Edstrom Council Member
STAFF AND GUEST(S) PRESENT:
Donna Welsh
Lisa Ramsey
Roger Unger
Beth Ann Gregory
Patricia Adams
Mike Pastor
Adam Adams
Randy Briggs
Kerin Fleck
EDC 4A
J.D. Harvey T. Dwight Morrow
Neil Twomey Gary Cantrell
Town Manager
Interim Town Secretary
Finance Director
Community Development Manager
Town Attorney
IS Manager
Parks and Recreation Director
Police and Fire Services Director
Planning and Zoning Coordinator
EDC 4B
James Hicks Rebecca Shuman
Bill Devlin Ralph Scoggins
Andy Hayes Doyle Nicholson
A.1 Call to order and announce a quorum.
Mayor Nick Sanders called the Regular Session to order at 6:11 p.m. noting a quorum was present.
A.2 Invocation.
Randy Briggs gave the invocation.
A.3 Pledge of allegiance to the American Flag.
Pledge of allegiance to the Texas Flag.
"Honor the Texas flag, I pledge allegiance to thee, Texas one and indivisible."
Donna Welsh led the pledges.
AA Joint Budget Workshop: Town Council, Economic Development Corporation A and Economic
Development Corporation B to discuss EDC 2005/06 budgets.
J.D. Harvey, EDC 4A called the Workshop Session to order, noting a quorum was present.
Jim Hicks, EDC 4B called the Workshop Session to order, noting a quorum was present.
The budgets for both EDC's were reviewed. It was noted that EDC 4A had not met about their budget. Roger
Unger advised that he will start the process for the Public Hearing, and the EDC's will be able to approve
their budget in August.
A.5 Town Council, EDC A and EDC B to close budget workshop and open a joint regular session.
Council convened into Joint Regular Session at 6:30 p.m.
A.6 Town Council to consider a Resolution to allow participants in economic incentives for the
development of Trophy Wood Center.
Larry Stewart, Midwest Commercial Realty addressed the Council and the members of EDC Boards, presenting
the possibility of developing a Holiday Inn Express on the 15 acre development at Trophy Wood Drive.
The Town Council advised EDC B that they are all in favor of offering incentives for the development of Trophy
Wood Center. EDC B is concerned that they have not been given adequate information in order to make an
informed decision. Larry Stewart and the developer will be attending EDC B's July 110', 2005 meeting to provide
additional information and answer the Board's questions. Council urged EDC B to make a decision immediately
following this meeting in order to finalize the agreement.
A.7 Town Council to discuss and take appropriate action in regard to a Resolution that would allow the
town to abate taxes.
Council member Williams made the motion to approve a Resolution that would allow the town to abate taxes and
develop a tax abatement policy; Mayor Pro Tem seconded. Motion carried unanimously.
A.8 Budget Workshop: 2005/06 budget.
A.9 EDC A and EDC B to adjourn.
JD Harvey, EDC A made the motion to adjourn, Neil Twomey seconded. EDC A adjourned at 7:26.
Doyle Nicholson, EDC B made the motion to adjourn, Jim Hicks seconded. EDC B adjourned at 7:26.
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James Hicks
President
Andy Hayes
Secretary